CUET Economics 2026 11th May Shift 2 PYQs

With the change in one variable input, keeping the factors constant, if the Marginal Physical Product is positive, the Total Physical Product will be----------

Arrange the following statements related to open market operations, a tool used by the Reserve Bank of India to control money supply in the economy, in the correct order of occurrence: A. The total amount of reserves in the economy increases. B. RBI buys government bonds. C. As a result, money supply will increase. D. RBI pays for the bonds by providing a cheque. Choose the correct answer from the options given below:

Arrange the following steps related to 'Operation Flood' in the right sequence. A. Milk is processed. B. Based on the quality, milk is graded. C. The farmers can pool the milk produced. D. Milk is marketed to urban centres through cooperatives. Choose the correct answer from the options given below:

For a hypothetical economy, C = 200+0.8Y (where c= consumption and Y= Income) and Autonomous Investment = 400 crore. Value of Investment multiplier (k) = _____.

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Marginal Propensity to Save (MPS) | I. Consumption per unit of income. | | B. Average Propensity to Save (APS) | II. Savings per unit of income. | | C. Marginal Propensity to Consume (MPC) | III. Change in consumption per unit change in income. | | D. Average Propensity to Consume (APC) | IV. Change in savings per unit change in income. | Choose the correct answer from the options given below:

Using the given information, calculate the Revenue Deficit: | S.No | Items | Amount ₹ (in crore) | |---|---|---| | 1. | Tax revenue (net of states' share) | 790 | | 2. | Major subsidies | 150 | | 3. | Defence expenditure | 90 | | 4. | Non-tax revenue | 140 | | 5. | Interest Payments | 360 | | 6. | Reciept from PSU disinvestment | 135 |

Which of the following is true for the surplus in the Balance of Payments?

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Fiscal policy | I. Specialize in advising companies and managing their equity\debt requirement | | B. Multilateral Trade Agreement | II. Optimum utilization of world resources | | C. World Trade Organization | III. Actions planned by the government in mobilizing financial resources | | D. Merchant Banker | IV. Trade agreement between three or more nations | Choose the correct answer from the options given below:

In the short run, Average Variable Cost curve is a U-shaped cost curve because of----------------.

Identify Capital Receipt from the following:

The point of minimum average cost at which the supply curve cuts the long run average cost (LRAC) curve is called ----------------- of a firm.

With the free entry of a new firm there will be a shift in the demand curve. How does that shift in the demand curve affect the equilibrium price?

From the following, choose the correct options as the functions of the Reserve Bank of India. A. Regulates the reserve requirements of commercial banks. B. Sterilizes the money supply in the economy against external shocks. C. Maintains the deposits of the public. D. Regulates money supply by controlling the stock of high-powered money. Choose the correct answer from the options given below:

Which of the following is NOT true for Globalisation as adopted by India under 'New Economic Policy-1991'?

When autonomous investment increases, the Aggregate Demand curve will ___________.

Measuring the extent of democratic participation in social and political decision-making is a step taken in which type of indicator.

Instead of outright sale of securities the central bank may sell the securities through an agreement which has a specification about the date and price at which it will be repurchased. The rate at which such agreements take place is known as-----------------.

Which of the following will be part of Revenue Expenditure? A. Subsidies on exports. B. Interest payments on debt incurred by the government. C. Loans and advances by the central government to state government. D. Salaries paid to the government employees. Choose the correct answer from the options given below:

The expansion of the service sector and the advent of high technology now frequently permits: A. Existence for efficient small scale and individual enterprises. B. Outsourcing of work by big firms. C. Change in the nature of employment, making it more informal with limited availability of social security measures to the workers. D. Work from Home for many, making the home the workplace. Choose the correct answer from the options given below:

Identify the measures taken by the government to protect small-scale industries in India during the first seven Five Year Plans: A. Lower excise duty was imposed. B. No quotas were specified and any quantity of goods needed for production could be imported by small scale industries. C. Provision of bank loans at lower interest rates. D. The production of the number of products was reserved for the small-scale industry. Choose the correct answer from the options given below:

'Through the minimum wage legislation, the government ensures that the wage rate of labourer's does not fall below a particular level.' The said statement implies which of the following concept.

“These new and revolutionary changes in China and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia.” Who said the above statement?

The expenditure on the good would change in the opposite direction as the price change if and only if:

Let the production function of a firm be $Q = 5L^{1/2}K^{1/2}$ Find out the maximum possible output that the firm can produce with 400 units of L and 400 units of K.

Nation X produces two goods; rice and cloth. A consumer buys 100 kg of rice and 10 pieces of cloth in a year. Suppose, in the year 2000, the price of rice was Rs 10/kg and a piece of cloth was Rs 100. Now suppose the prices of a kg rice and a piece of cloth have gone up to Rs 18 and Rs 120 in the year 2005. In the given example, the Consumer Price Index of the current year vis-a-vis the base year will be equal to ________.

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Excess Demand | I. Factors of production; willing to work but not able to get the work. | | B. Voluntary unemployment | II. It leads to a decline in prices in the long run. | | C. Deficient Demand | III. It leads to a rise in prices in the long run. | | D. Under employment | IV. Factors of production are able but not willing to work. | Choose the correct answer from the options given below:

The Capital Account of Balance of Payments includes:

Arrange the following events with respect to China in the chronological order: A. Great Leap Forward B. Adoption of Reforms C. The Great Proletarian Cultural Revolution D. First Five-Year Plan Choose the correct answer from the options given below:

Identify the incorrect statement from the following:

Which of the following will be included in the estimation of National Income of India?

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Public Good | I. Goods are produced directly by the government | | B. Public Production | II. Goods financed through the budget and can be used without any direct payment | | C. Private Good | III. Non - Rivalrous | | D. Public Provision | IV. Rivalrous | Choose the correct answer from the options given below:

Which one of the following statements is True for Indian economy under the British colonial rule?

Suppose 6 bananas gives 15 units of total utility and 7 bananas gives 18 units of total utility. The Marginal Utility of the 7th banana will be _______.

Which of the following are the two basic economic problems faced by an economy?

Arrange the following in the correct order with respect to the change in import demand and its impact on exchange rate: A. National income increases. B. Domestic currency depreciates. C. Spending on imported goods is likely to increase. D. The demand curve for foreign exchange shifts to the right. Choose the correct answer from the options given below:

Identify the incorrect statements from the following: A. In an economy, an increase in income will always lead to an equal increase in consumption. B. Marginal propensity to consume denoted the slope of Aggregate demand curve. C. At full employment, there is no involuntary unemployment. D. Autonomous aggregate expenditure is sum of total consumption and investment. Choose the correct answer from the options given below:

Under Perfect Competition, Large number of buyers and sellers implies:

"In India every currency note bears on its face a promise from the Governor of the Reserve Bank of India(RBI) that if someone produces the note to RBI, or any other commercial bank, the RBI will be responsible for giving the person purchasing power equal to the value printed on the note. The same is also true of coins." These currency notes and coins are also known by which of the following type of money.

Arrange the following in correct sequence with respect to the change in the demand for final goods and services: A. Fall in employment in the economy. B. Ex ante Aggregate Demand for final goods falls short of the Ex ante Output of final goods. C. Fall in the income level in the economy. D. Unintended accumulation of inventories. Choose the correct answer from the options given below:

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Flexible Exchange Rate System | I. Central banks intervene to buy and sell foreign currencies | | B. Fixed Exchange Rate System | II. Exchange rate determine by market forces | | C. Managed Floating Exchange Rate System | III. It reflects differences in the price levels in the two countries | | D. Purchasing Power (PPP) theory | IV. The exchange rate set by the Government | Choose the correct answer from the options given below: